481 Shares in Booking Holdings Inc. $BKNG Acquired by CHURCHILL MANAGEMENT Corp

Key Points

• CHURCHILL MANAGEMENT Corp purchased 481 shares of Booking Holdings Inc., valued at approximately $2.785 million, signaling growing interest in the company by institutional investors.
• Several analysts have raised their price targets for Booking, with Susquehanna increasing its target from $6,000 to $6,500, reflecting strong market confidence.
• Booking recently announced a quarterly dividend of $9.60, representing an annualized yield of 0.7%, highlighting its commitment to returning value to shareholders.

CHURCHILL MANAGEMENT Corp purchased a new position in shares of Booking Holdings Inc. (NASDAQ:BKNG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 481 shares of the business services provider's stock, valued at approximately $2,785,000.

Other large investors have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Booking by 27.3% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 182 shares of the business services provider's stock valued at $844,000 after buying an additional 39 shares during the period. International Assets Investment Management LLC acquired a new position in Booking in the first quarter valued at approximately $203,000. Overbrook Management Corp boosted its position in Booking by 49.5% in the 2nd quarter. Overbrook Management Corp now owns 3,314 shares of the business services provider's stock worth $19,186,000 after purchasing an additional 1,098 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Booking during the 1st quarter worth approximately $3,592,000. Finally, Perigon Wealth Management LLC increased its holdings in shares of Booking by 9.4% during the 1st quarter. Perigon Wealth Management LLC now owns 278 shares of the business services provider's stock valued at $1,281,000 after purchasing an additional 24 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Susquehanna raised their price target on shares of Booking from $6,000.00 to $6,500.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Erste Group Bank upgraded Booking from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. B. Riley restated a "buy" rating and issued a $6,700.00 price target (up previously from $6,100.00) on shares of Booking in a research note on Wednesday, July 30th. BTIG Research reiterated a "buy" rating and set a $6,250.00 price target on shares of Booking in a research report on Thursday, September 4th. Finally, Morgan Stanley set a $5,650.00 price objective on Booking and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5,807.89.

Booking Stock Performance

NASDAQ BKNG opened at $5,350.56 on Thursday. Booking Holdings Inc. has a fifty-two week low of $4,060.98 and a fifty-two week high of $5,839.41. The firm has a market capitalization of $173.41 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.35. The stock's fifty day moving average is $5,533.75 and its two-hundred day moving average is $5,285.05.

Booking (NASDAQ:BKNG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $50.32 by $5.08. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%.The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $41.90 earnings per share. Booking has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking's dividend payout ratio is currently 26.71%.

Insider Buying and Selling

In related news, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $5,500.00, for a total transaction of $82,500.00. Following the transaction, the director owned 747 shares of the company's stock, valued at approximately $4,108,500. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry Quinlan sold 64 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $5,587.11, for a total transaction of $357,575.04. Following the sale, the director directly owned 195 shares in the company, valued at $1,089,486.45. This represents a 24.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,195 shares of company stock valued at $23,467,630. Company insiders own 0.16% of the company's stock.

Booking Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Want to see what other hedge funds are holding BKNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Booking Holdings Inc. (NASDAQ:BKNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.